Persons covered

Colo. Rev. Stat. § 10-3-503, under INSURERS' REHABILITATION AND LIQUIDATION.

Colo. Rev. Stat. § 10-3-503

(1) The proceedings authorized by this part 5 may be applied to:

(a) All insurers who are doing, or have done, an insurance business in this state and against whom claims arising from that business may exist now or in the future;

(b) All insurers who purport to do an insurance business in this state;

(c) All insurers who have insureds resident in this state;

(d) All other persons organized or in the process of organizing with the intent to do an insurance business in this state;

(e) All fraternal benefit societies and beneficial societies subject to article 14 of this title;

(f) All title insurance companies subject to the "Title Insurance Code of Colorado", article 11 of this title;

(g) All health-care plans subject to parts 1, 4, and 5 of article 16 of this title 10; and

(h) All employers' self-insurance pools created pursuant to section 8-44-205, C.R.S.

Source: L. 92: Entire part R&RE, p. 1431, § 14, effective July 1. L. 2020: (1)(g) amended, (HB 20-1402), ch. 216, p. 1042, § 10, effective June 30.

ANNOTATION

Subsection (1)(a) applies to a risk retention group. The risk retention group provides liability insurance to its policyholders and thus is in the insurance business. Garrou v. Shovelton, 2019 COA 15M, 439 P.3d 65.